1970 Shelby Mustang GT500 Coupe / 0F02R482644 Vehicle Information

1970 Shelby Mustang GT500 photograph

1970 Shelby Mustang GT500 photograph

1970 Shelby Mustang GT5001970 Shelby Mustang GT500
High bid of $110,000 at 2012 RM-Automobiles of Arizona. (did not sell)
Carroll Shelby's GT350 was a performance machine that was refined through its competition roots. With the release of the second-series Mustang for 1967, designed from the outset to accept Ford's 390-cubic inch big block engine, Shelby had a new platform to answer the mounting competition.

The 428 Cobra Jet, developed by Rhode Island's Tasca Ford at the suggestion of Hot Rod Magazine, was soon available for 1968 and added 427 low-riser cylinder heads, a 735-cfm Holley carburetor and other improvements from the Ford parts bin. Power was under-reported at 335 horsepower.

The CJ was a purpose-built machine designed for NHRA SS/E drag racing. The CJ made its 1968 Winternationals debut with Al Joniec taking the class victory in an all-CJ final round over Hubert Platt.

For the 1969 model year, Ford gave the 428 Super Cobra Jet special pistons, Ram Air induction, a nodular-iron crank, beefier 427 'Le Mans' connecting rods and an external balancer. Buyers could select either 3.91:1 or 4.30:1 rear-end gears, which automatically added an engine-oil cooler to form the Drag Pack option. Even with the upgrades, Ford still under-reported the horsepower at 335. A somewhat more realistic 360 horsepower rating was assigned to the SCJ by the NHRA.

The 428 CJ and SCJ powered the GT500 through its finally 1969/1970 series. Zero-to-sixty took just 5.8 seconds and the quarter-mile performance was achieved in 13.38 seconds. Top speed was in the neighborhood of 145 mph.

The 1969/1970 Shelby Mustangs were given visual changes which included a longer fiberglass front end, a unique 'hoop' grille, a revised taillight and exhaust treatment, five-spoke wheels and an aggressive hood with five NACA-style air scoops. Inside, there was a roll bar, inertia-reel harnesses, luxurious features and special trim.

It is believed that around 789 GT500s were sold for 1970.

This 1970 GT500 Fastback was completed on May 20th of 1969, seven days ahead of schedule. The car was very well equipped with a rare special-order Grabber Green paint finish, white upholstery, a 428 SCJ engine with Ram Air induction and a 'Toploader' four-speed close-ratio manual transmission. Other features include the Visibility Group, Goodyear tires, the Sport Deck folding rear seat, power steering, power front disc brakes, Tilt-Away steering wheel, AM radio, full tinted glass and Deluxe seat belts with a warning light.

This GT500 is one of only 170 1969/1970 cars equipped with the Drag Pack option package comprising of a 3.91:1 Traction-Lok rear end and an engine-oil cooler.

The car was first shipped to Georgia's East Point Ford before eventually going to Joe Myers Ford, Inc. of Houston, Texas as part of a six-car package. The original owner is not known. It has had six known caretakers since new, including Jim Wicks, the founder of the Team Shelby Mid-America Ford Nationals, who owned it around the year 2000, followed by Bob Moore, and Mason Jones.

In 2012, the car was offered for sale at the RM Auction in Scottsdale, Arizona. It was estimated to sell for $125,000-$175,000. As bidding came to a close, the car had been sold for the sum of $110,000 inclusive of buyer's premium.


By Daniel Vaughan | Feb 2012


2012 RM-Automobiles of Arizona

Pre-Auction Estimates :
USD $125,000-USD $175,000 
High Bid (Lot was not sold)
USD $110,000

1970 Shelby Mustang GT500 Auction Sales

Recent Sales

(Data based on Model Year 1970 sales)
1970 Shelby GT500 Fastback
Sold for USD$126,500
  2020 Mecum : Kissimmee Summer Special
 
1970 Shelby GT500 Fastback
Sold for USD$99,000
  2020 Mecum : Indy
 
1970 FORD SHELBY GT500 SPORTSROOF
Chassis#: 0F02R482980
Sold for USD$102,300
  2020 Barrett-Jackson : Scottsdale, AZ
 
1970 Shelby GT500 Convertible
Sold for USD$151,800
  2020 Mecum Auctions : Kissimmee
 
1970 Shelby GT500 Convertible
Sold for USD$220,000
  2020 Mecum Auctions : Kissimmee
 
1970 Shelby GT500 Fastback
Sold for USD$121,000
  2020 Mecum Auctions : Kissimmee
 
1970 SHELBY GT500 CONVERTIBLE
Chassis#: 0F03R482603
Sold for USD$129,800
  2019 Barrett-Jackson : Scottsdale, Az.
 
1970 FORD SHELBY GT500 FASTBACK
Chassis#: 0F02R482843
Sold for USD$121,000
  2019 Barrett-Jackson : Scottsdale, Az.
 
1970 SHELBY MUSTANG GT500 FASTBACK
Chassis#: 0F02R482728
Sold for USD$85,800
  2019 Barrett-Jackson : Scottsdale, Az.
 
1970 SHELBY GT500
Chassis#: 0F02R483281
Sold for USD$99,000
  2018 Barrett-Jackson : Northeast
 
1970 SHELBY GT500
Chassis#: 0F02R483145
Sold for USD$75,900
  2018 Barrett-Jackson : Scottsdale
 
1970 SHELBY GT500 CONVERTIBLE
Chassis#: 0F03R482603
Sold for USD$137,500
  2017 Barrett-Jackson : Las Vegas
 
1970 SHELBY GT500 CONVERTIBLE
Sold for USD$184,250
  2017 Dragone Lime Rock Park
 
1970 SHELBY GT500 SUPER COBRA JET 428
Sold for USD$77,000
  2017 Leake - Tulsa
 
1970 Shelby GT500 Fastback
Sold for USD$63,000
  2017 Mecum : Indianapolis
 
1970 Shelby GT500 Fastback
Sold for USD$84,000
  2017 Mecum : Houston
 
1970 Shelby GT500 Fastback
Sold for USD$84,000
  2017 Mecum : Kansas City
 
1970 Shelby GT500 Fastback
Sold for USD$76,000
  2016 Mecum : Dallas
 
1970 Shelby GT500 Fastback
Sold for USD$115,000
  2016 Mecum : Kissimmee
 
1970 Ford Shelby GT500 Fastback
Sold for USD$80,000
  2016 Mecum : Kissimmee
 

Vehicles That Failed To Sell

1970 Shelby Mustang GT500's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1970 Shelby GT500 Fastback 2020 Mecum : Kissimmee Summer Special$90,000  
1970 Shelby GT500 Convertible 2020 Mecum : Indy$200,000$225,000$275,000
1970 Shelby GT500 428 Cobra Jet Convertible0F03R4826032020 RM Sothebys : Driving Into Summer $130,000$160,000
1970 Shelby GT500 Fastback 2020 Mecum Auctions : Kissimmee$82,000  
1970 Shelby GT500 Fastback 2020 Mecum Auctions : Kissimmee$85,000$100,000$125,000
1970 Shelby GT500 Fastback 2019 Mecum : Kissimmee$82,000  
1970 Shelby GT500 428 Cobra-Jet Convertible 2018 Collector Car Toronto Spring$210,000  
1970 Shelby GT500 Fastback 2018 Mecum : Indianapolis$82,000$100,000$150,000
1970 Shelby GT500 Fastback 2018 Mecum : Kissimmee$87,000  
1970 Shelby GT500 428 Cobra Jet Fastback 2017 Auctions America : Auburn Fall $110,000$120,000
1970 Shelby GT500 Fastback 2017 Mecum : Kissimmee$85,000  
1970 Shelby GT500 Fastback 2017 Mecum : Kissimmee$85,000  
1970 Shelby GT500 Fastback 2016 Mecum : Kansas City$80,000  
1970 Shelby GT500 Fastback 2016 Mecum : Harrisburg$85,000  
1970 Shelby GT500 Fastback 2016 Mecum Indianapolis$80,000  
1970 Ford Shelby GT500 Convertible 2014 Mecum : Indianapolis$120,000  
1970 Shelby GT500 428 SCJ Fastback0F02R4826442012 RMAutomobiles of Arizona$110,000$125,000$175,000
1970 Shelby GT500 Convertible 2011 Dana Mecum's Original Spring Classic Auction 24th Year$90,000  
1970 SHELBY GT500 2 DOOR FASTBACK0F02R4832382011 BarrettJackson Palm Beach, Fl   
1970 Shelby GT500 2011 Mecum Auctions Kissimmee, FL Auction$95,000  
1970 SHELBY GT500 CONVERTIBLE0F03R4825422011 Russo & Steele Scottsdale, Arizona   
1970 Shelby GT 500 Convertible 2010 Auctions America : Auburn Collector Car Auction$49,000  
1970 Shelby GT 500 Drag Pack 2010 RM Auctions Collector Cars of Fort Lauderdale$100,000$120,000$160,000
1970 Shelby GT500 Fastback 2009 Mecum Kansas City Auction$75,000  
1970 Shelby GT500 Fastback 2009 Mecum Original Spring Classic Auction 22nd Year   
1970 Shelby GT500 Fastback 2008 Mecum Des Moines High Performance Auction$78,000  
1970 SHELBY GT500 2007 Silver Auction Hot August Nights$165,000  
1970 SHELBY GT500 2007 Silver Auction Hot August Nights$165,000  
1970 Ford Mustang Shelby GT500 Eleanor Sportsroof Coupe0F02F1766252007 Bonhams Les Grandes Marques a Monaco $110,000$130,000
1970 Shelby GT500 Convertible 2003 Vintage Motor Cars in Arizona$80,000  

Comparables

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1970 Shelby Mustang GT500 vehicle thumbnail image  1970 Shelby Mustang GT500 vehicle thumbnail image  
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1970 Shelby Mustang GT500

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